Daily Wrap – Like an Oversold Bounce
Equities led by Semis, and Bitcoin bounced today. Although we didn’t have 1-day oversold internals yesterday, the bounce acted like...
Daily Wrap
I only had a few posts today, but I hope you have time to read them. On days like today...
Daily Wrap – What is Gold Telling Us?
First, I want to thank everyone who helped out with the Discord room this weekend. We tweaked some settings, but what...
Volunteers To Test Discord Room?
I need some volunteers to test the Discord room before launching The Technical Take website. I’ve been working on the...
Daily Wrap – March Is Here
It’s month-end and the market got a little more interesting today. I have a lot of information for you tonight....
Daily Wrap
Like everyday since last Friday’s market open, the market was dull, lacking conviction and in apparent “Wait and See” mode...
Daily Wrap – Short Squeeze Day Two
Today marks the third consecutive day of mostly dull price action in the major averages as they failed to follow...
Daily Wrap
Today was another fairly dull consolidation day – the second in a row since Nvidia’s earnings sent the market higher...
Afternoon Update – PCE Next Week
Today wasn’t quite the bullish follow-through day I thought possible due to internals not being overbought, despite yesterday’s spectacular rally....
Daily Wrap – The Chase Is Back On
In the spirit of the AI revolution and Nvidia’s impressive earnings beat, I came up with today’s post picture to...
Daily Wrap – Nvidia Beats. Is it Enough?
Yesterday’s price action and internals left open the higher probability of some more downside today and that’s mostly what the...
Daily Wrap
I’m going to start with the heavy stuff tonight, that’s starting to jump off the chart. A week ago today,...
Afternoon Update
I don’t have much time so this will be a quick one. I think there’s very clear op-ex influences in...
Daily Wrap – Rotation To Small Caps?
Tonight’s post is going to be a hybrid of the day and some of the big picture elements that are...
Daily Wrap
The deepest short-term oversold conditions in 3.5 months, the VIX futures contract rolling and with it a lot of dealer...
Daily Wrap – More Cracks
The CPI repot ended up being influential (coming in hotter than expected), influential enough to send the Dollar and 10-yr...
Daily Wrap – Goldman Might As Well Have Said, “Sell”
Index futures were flat this morning after Asia was closed for trading with the Lunar New Year this week, and...
Afternoon Update: Quick Look at 3C
3C cumulates a lot of price/volume data according to whether price closed up or down, and whether volume was up...
Daily Wrap
It was a pretty darn dull day for most of the market. The S&P’s entire high to low intraday range...
Daily Wrap – Market Breadth Is Concerning
While SPX $5,000 level would seem to be the primary driving catalyst of near term trade, one of the more...